Key Takeaways
- • Taiwan's Bureau of Labour Funds (BLF) selected four foreign asset managers and one domestic firm for a NT$50 billion (US$1.58 billion) domestic absolute return equity mandate.
- • Winners are the local units of J.P. Morgan Asset Management, Schroder Investment Management, Nomura Asset Management and Allianz Global Investors, plus Yuanta Securities Investment Trust Co.
- • Each manager receives NT$10 billion, with NT$9 billion for the Labour Pension Fund and NT$1 billion for the National Pension Insurance.
- • The BLF oversees eight pension and annuity funds with roughly NT$8.41 trillion in AUM as of end-November 2025.
Summary
Taiwan's Bureau of Labour Funds (BLF) has awarded a NT$50 billion (US$1.58 billion) domestic absolute return equity mandate to four foreign and one local asset management firm, according to the article. The mandate was tendered in November, with the tender opened on November 14, and the BLF published the names of the winning bidders on its website on January 8.
The successful bidders are the local units of J.P. Morgan Asset Management, Schroder Investment Management, Nomura Asset Management and Allianz Global Investors, alongside the domestic manager Yuanta Securities Investment Trust Co. Each firm will be allocated NT$10 billion. Of each allocation, NT$9 billion will be managed for the Labour Pension Fund (LPF), Taiwan's largest defined-contribution pension scheme, and NT$1 billion for the National Pension Insurance.
The award highlights the scale of the BLF's mandate pool. The bureau oversees eight pension and annuity funds with approximately NT$8.41 trillion in assets under management as of end-November, including NT$5.1 trillion in the LPF and NT$697.5 billion in the National Pension Insurance.
The successful bidders are the local units of J.P. Morgan Asset Management, Schroder Investment Management, Nomura Asset Management and Allianz Global Investors, alongside the domestic manager Yuanta Securities Investment Trust Co. Each firm will be allocated NT$10 billion. Of each allocation, NT$9 billion will be managed for the Labour Pension Fund (LPF), Taiwan's largest defined-contribution pension scheme, and NT$1 billion for the National Pension Insurance.
The award highlights the scale of the BLF's mandate pool. The bureau oversees eight pension and annuity funds with approximately NT$8.41 trillion in assets under management as of end-November, including NT$5.1 trillion in the LPF and NT$697.5 billion in the National Pension Insurance.
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